This story was first published on theBenzinga India portal. Tesla Inc (NASDAQ: TSLA) might soon establish its presence in India with the local government reportedly finalizing a policy that would offer Tesla reduced import duties for electric cars priced over INR 3 million (approximately $36,000). This concession, possibly lasting 2-3 years, is set to replace the initial plan of bank guarantees for Tesla’s proposed investment in an Indian electric vehicle factory, the Economic Times said in a report. What Happened? India’s current import duty structure is hefty, charging 100% on cars valued ov…